From December 2021, the Bitcoin course started to collapse. Its previous all-time high of around $69,000 marks the high of a crypto rally that came to an end at the turn of the year. But the stock exchange party is not only over for Bitcoin and cryptocurrencies. With the dawn of 2022, we are not only experiencing a political turning point in many respects, but also a macroeconomic one. Growth and innovation stocks such as unprofitable tech stocks and cryptocurrencies are on the hit list in the new environment.
Not only are they considered risky, but they also have no cash flow. This means that unlike an established business that is making a profit or a property that is generating rental income, they don’t offer payouts to their owners. From an investor’s perspective, Bitcoin is just as “senseless” as gold, too
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